© Reuters.
Krystal Integrated Services is preparing for an initial public offering (IPO), according to a draft red herring prospectus (DRHP) filed with the Securities and Exchange Board of India (Sebi) on Monday. The IPO will consist of a fresh equity shares issuance valued at ₹175 crore (INR100 crore = approx. USD12 million), along with an offer-for-sale of 17.5 lakh shares by the company’s sole stakeholder, Krystal Family Holdings Pvt Ltd.
The funds raised from the IPO will be utilized to repay debts, support working capital needs, purchase new machinery, and for general corporate purposes. The company’s shares are set to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), with Inga Ventures Pvt Ltd managing the IPO.
Krystal Integrated Services offers a wide range of services that span several sectors. These include integrated facilities management services in healthcare, education, public administration, airports, railways, and metro infrastructure, as well as the retail sector. In addition to these, Krystal also provides staffing solutions, payroll management services, private security and manned guarding services, and catering services.
The decision to go public comes as part of Krystal’s broader strategy to expand its operations and strengthen its foothold in the diverse markets it serves.
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